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Cattle futures rose at the end of the week after cash trade reached $184 to $187 in the south and north. Boxed beef prices slipped, but packers paid higher prices, and the commentary highlights record imports and heavy carcass weights as factors holding back producer prices.
Record beef imports and heavy carcass weights add supply pressure that limits cattle price gains despite historically tight cattle numbers.
tsln.comSep 27, 2024Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
